U.S. regulators should investigate whether laws were violated when the New York Federal Reserve Bank urged insurer American International Group Inc. to limit discussions about payments to banks, a Republican member of the Senate Banking Committee said Tuesday. Republican Sen. …
It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the Securities and Exchange Commission. In May, the SEC approved a …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Fireman’s Fund Insurance Companies, which includes Fireman’s Fund Insurance Company, based in Novato, Calif. and its intercompany pool participants and …
On a bitterly cold morning in Anchorage, Alaska, the Hurricane Hunters lift off to scout a weather track that may bring snow to the Northeast or flooding rains in California in the next five days. The winter mission of the …
Standard & Poor’s Ratings Services has stated that its ratings on Bermuda-based RenaissanceRe Holdings Ltd. (currently ‘A’ with a stable outlook) and related entities are not affected by the announcement of several management changes at the organization. S&P referred to …
The New Hampshire House is holding hearings on two bills today that would prevent the state from requiring sprinklers in homes. The bills would stop the state from enforcing amendments to building codes that expand requirements for sprinkler systems. Last …
Standard & Poor’s Ratings Services has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $1.0 billion senior notes. The notes will have various maturity dates. At the same time, S&P placed the ‘AAA’ rating on these …
Analyzing physicians’ practice patterns may hold valuable clues about how to curb the nation’s rising health care costs, according to researchers at the Johns Hopkins University School of Medicine. According to a Johns Hopkins study published in the January edition …
Specialty construction insurer NationsBuilders Insurance Services, Inc., in Atlanta, recently welcomed William (Bill) C. Tepe as chief financial officer. In his CFO role, Tepe will be responsible for directing the financial and accounting functions of the organization. In addition, he …
Global property/casualty insurer Chartis Inc., formerly AIG, has named Thomas Scherer as senior vice president and general counsel, responsible for worldwide legal operations. Most recently, Scherer worked for seven years at Swiss Re Group where he served as special litigation …
